Transcripts For RT Keiser Report 20240713 : vimarsana.com

Applied but i believe its 10 percent on air bus products so there is that but also you know its interesting that you mention the printing of money and. Like why is the fact that say for example the e. C. B. Has printed more money than the Federal Reserve bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing in cheating more theyre all cheating essentially is what theyre saying but some are cheating faster and harder than others right its a form of cheating again when you leave the Gold Standard theres no way to have an accounting or a Balance Sheet that shows exactly whos trading with who and what a sorts of silly print money to cheat to undermine to try to grab a few extra pennies or euros here and there and that it is part of the scheme and that is what happens when f. E. M. A. Money and Central Banks and. And and fractional reserve banking and it just ends up into this this huge enormous pyramid of paper that throughout history the past 300 years every single instance of paper money has collapsed 0 without exception now theres another thing regarding this printing of money for the various populations in order to avoid. Acknowledgment of the fact that he no longer have a real economy because of the Gold Standard mostly now one of the things that weve always talked about is the can tell in effect because when theyre printing money it goes to a certain class of people 1st a those closest to the central bank and then that goes basically to the big banks the big multinational banks and they primarily lend to housing speculators right so anybody whos already on the property ladder when all of this thing began. Well they benefited from asset Price Inflation so i want to look at this headline and this is a chart that planet ponzi misfire stein tweeted its the number of years a Skilled Service worker needs to work to be able to buy a 60 meter squared or 650 square feet flat near the city center and i want to look at in particular the top 3 of these cities because in these top 3 cities since 2009 this. Little dark circle on the left for hong kong paris and london is where cost how many years it took to afford a average 65 meter square property in the city center and hong kong it was 10 years in paris it was about 12 years london it was maybe 9 or 8 or 9 years back in 2009 now look at the jump since then hong kong is now over 20 years it was 10 years before and now its over 20 years it takes to afford just an average property in the city center paris oh about 15 years now and london has jumped to just under 15 years so what do you when you think of especially hong kong and paris. You think of all the protests going on the very very very similar they both look exactly alike you have Police Shooting out peoples eyes and you have young off sorts of people not just young but like a whole range of classes i those who are outside who do not own already a 65. 00 metre squared or 60 meter square property in the city Center Versus the rest right in a star coincidence that those are 3 of the must widely trafficked and most often used financial hubs in the world these are the 3 biggest of some 3 of the biggest finance hubs in the world so in those areas the cantillon effect as you call it the the ability to keep standing on top of the money pile youre printing yes and so youre you are building your own paper mountain and youre standing on top of that mountain and everything um youre standing on our fine art you know that youre buying for 100000000. 00 a crack or a chateau in switzerland or a new lamborghini so youre standing on this mountain of paper money that youve just printed for yourself and the people down down river who are now in the valley the valley of poverty are theyre throwing rocks with that but youre getting higher up the paper mound so the rocks dont reach so then they have to get more agitated and they get more organized and mal youve got social unrest as you have during moments in history when the underclass decides that theyve had enough and munich is the top of the german cities that is overvalued or at least has jumped the most you know germans are famously dont like to go too much into debt you know you used to be in 2009 it was 5 years and now its its close to 10 years and i think frankfurt is pretty high as well there are also very few assets that people can buy so this is it mean this is the one last investment in our Global Economy its all based on its all basically. As we pointed out before the assoc not where all our entire economies are backed by the value of homes its always worked out as you see in hong kong paris the same way like it always ends up like this so yes it got being the French Version of the council in effect and monetizing property in this case Church Property to flood the economy with bad credit bad money and the pyramid scheme and a pyramid scheme so are and were in the new pyramid scheme of the 21st century pyramid scheme and the people that are getting abused by this pyramid scheme are starting to get extremely agitated as ray ballio hes the runs the bridgewater in connecticut biggest as far in the world he keeps pointing out for a couple of years that he hes looking for the pitchforks and the torches the mobs in the street to come after the people like great value hes warning folks yeah you should go read his linked in page and he posts some interesting blogs the guys worth like over 10000000000. 00 and hes just as an event hes a successful investor and what he says its like i just look at history im just looking at this objectively and neutral im not taking a side im just telling you that this is very similar period of time right now between you know the 1920 s. And 45 essentially the late 1000 twentys in 1905 is why people get angry and we split its a fascist and communist and thats whats happening now and this is part of it this tweet here i have from ben record and it shows that the velocity of money is the frequency at which one unit of currency is used to purchase domestically produced goods and Services Within a given period of time in other words it is the number of times 1. 00 is spent to buy goods and services per unit of time all time low the rise in the circulation the velocity of money people spending more Money Congress happened exchange happening the trickle down effect happening was in the ninetys up to 2000 and then its been down ever since and it continues to hit all to. Money is not circulating its being forwarded in these properties its being hoarded by guys like ray dahlia as he points out himself im not just like accusing him he says he cant spend more than that hes already i got so many chateaus and yachts that he cant buy anymore he would forget about them you lose you know ya you forget you have a house in you know in mustique or something yeah the economy is being choked out so heres a unit of currency this is a dollar this is the dollar you speaking up yes the velocity of money means that the treasury would print a dollar and youd buy dont it and then the person the shop to get your dollar goes and buys a hammer and then that hammer at the Hardware Store guy goes and buys a nother done it right so its circulating that yes its philosophy and healthy economy its moving sir but what has happened sense and all the bailouts of 2008 is that the Central Banks keep printing more money and they print trillions of these things but it gets stuck at the primary dealers and jamie diamonds j. P. Morgan because it gets choked out they dont they dont lend it out they dont circulate it they keep it they didnt word it yet they keep giving it to people that are unable to spend it so we know the ordinary american is literally paycheck they dont lend it out to Small Medium Enterprises now they lend it out to property speculators yes people are buying expensive artwork yes or they put it back on the balance here the fed for an Interest Rate right so again as the circle is extremely tight its not a wide circle of the entire economy its a little minuscule microsurgical like the tip of your pinky where the money is circulating only amongst 3 or 4 people and they keep getting wealthier and wealthier and thats why we as ray dahlia points out the Tipping Point of huge revolutionary social unrest yeah because also of course what happens is. All this stuff all of our economic problems are caused by these economy. Yes at the Central Banks is this false thinking that somehow they are superior and understand the world better than all these schmucks out here in the world in the real world so that is part of one issue that central bankers and bankers have is that if that money does circulate down and ordinary people the bottom 99 percent start raising their Living Standards they freak out like that is the scariest thing to them and they think that its going to be like oh my god you know this is this is going to cause inflation and so they seem to prefer mass deflation as we have they hate gold because they dont want anyone to have proper savings because they will have economic sovereignty they dont want the law exposed as well and they dont want their ponzi scheme and pyramid scheme destroyed thats what gold does to paper money ponzi schemes and finally you know speaking of paper dollars you know that used to be backed by gold well u. S. Congressmen ask fed to consider developing National Digital currency to u. S. Lawmakers want the Federal Reserve to consider creating additional dollars in a letter sent to the Federal Reserve chairman german pow representative french hill republican of arkansas and representative bill foster outlined concerns that they have risks to the u. S. Dollar if another country or private Company Creates a widely used crypto currency and ask whether the central bank is looking into creating its own version we are concerned that the primacy of the u. S. Dollar could be a long term jeopardy from wide adoption of Digital Currencies internationally the bank for International Settlements conducted a study that found that over 40 countries around the world of currently developed are looking into developing a Digital Currency right i saw that story and it plays into what weve been talking about here because if all these stations create Digital Currencies crypto currency is it would increase the velocity of money and it would get countries away to move away from the dollar and the dollar is feeding the very specific ponzi scheme so it because it is digital gold because in a would be a crease velocity and there is incredible theres very very little friction between these Digital Currencies amongst come. Trace the velocity of money with skyrocket wages would go up and you would see the club talking up the kleptocracy class would be challenged i would quickly in this last few seconds here say that only big coin is digital gold this is essentially all coin and this will put all those all coins out of business because there is no reason to hold libra theres no reason to hold the east or any of the other thats allowed to be another impact yet that the current crop of all coins would become extinct yes good for a bit coming though its great for because were going to take a break when we come back much more coming your way dont go away. On this conventional moment allows him to ask for the last 20 and seen and done wonders for the vets who should. See. Disc in them. Coming up the long. Beach mom. You know new car so said im not going to much to you mama its just that you and. In this community there are people who believe that its ok. Its really hard there are no jobs and you see that ive got kids that ask and as a parent. I can come up with lots of arguments and theres a lot of conflict in the games between the teams most of the conflict i would say overall is around money their most of their money is made. Close one on each others cosimo each other is Good Business the state of california alone makes 6000000000. 00 a year of prison complexes you get some 20 year life where. You dont care anymore nobody cares about you so you dont care might anything. Wrong. With this manufactured consent instant of public wealth. When the roaming clubs assume protect themselves. With the fame and merry go round lives only the one percent so. We can all middle of the room signals. From the real news is real world. Welcome back to the kaiser report im ask either time out of turn about firestone of planet policy that comments welcome back emacs great to be here all right 1st lets remind the audience what exactly you do or what you did or what you do when you are a wall street banker briefly what is your area of expertise meche expertise since the 1980s was in the creation and development of new products you really are products oh hes the state of the earth products max as weve discussed in the past. So. Looking for opportunities where there are no other competitors in less crowded fields i think that there are too many people in a crowded space like all of the people are jumping in on the fang stocks weve just had momentum over the past couple years all right so youre a contrarian youre early and to all kinds of Different Things embedded in the wall street heart for many years and as someone deep in the heart of global fiat what do you think when you see events that happened in the repo market over the past few expect well i would ng for value so you know when i see something wrong in the repo more repurchase remark it reminds me of what happened with drysdale securities back in the 1008 we had a real problem a disconnect in the repo market so theres something very wrong and if you ask the experts and speak with them on wall street both know you that is certainly technical but i dont know that it is tricky technical i think that there are a lot of the Big Money Center banks that are too big i mean look to each americans weve discussed many times their Balance Sheet and all are rotten derivatives that they have on it truly trillions of dollars in derivative products j. P. Morgan too big to fail too big to bail out too big to exist oh whos that is that never really broken up he said his answer is in the markets every central bank on the planet has added lemons and trillions of dollars in with quickly and that means guarantees for certain different Asset Classes the Central Banks are causing the problem max this product is just one of the ancillary issues that we may be seeing now when they when you create so much liquidity and paris reverse of 17 trillion 17 trillion dollars in negative you in bonds this is the kind of problem you get unintended consequences thats when the fed steps out of hundreds of billions of dollars as they did at this. Rape maneuver just recently is this the beginning of quantitative easing is it the same as quantitative easing is it there for the quantitative easing i look for the smells like quantitative easing on the short hand that is why what what how does it differ well i did the permanent open market operation so theyre going to be adding liquidity and eventually theyre going to come in and whether they want to call it q e 4 q e 5 weve discussed this before if he needs sanity they will have to do q. E. And theyll have to do it for the d end of the year as repo issues not going to go theres a shortage with enough market and the fed after coming in do something the only thing they can do is keep adding liquidity into the market every day so the open Market Operations that they have will become permanent and it will probably go back to the on by goldman recommending that they dominated by 20000000000 a month or so is good q. B. I dont care what they call me been today you know it entered into a place right now where we will see eventual negative Interest Rates in america i said this 2 years ago is why i think that were in a whole lot of pain i think we should have done factor in the credit crisis and never go. Bankrupt it is a normal market mechanism that allows insolvent institutions and insolvent corporations to go bust we have those back in january i highlighted the we were ponzi scheme months later atlanta i said theyre trying to sell this for 47000000000. 00 they lose the normal amount of money it is the definition of on but because there are so low Interest Rates and negative Interest Rates youve got children pouring money into illiquid investments you get some kind of a yield so if that happened eventually its going to hit its fan and its going to end really d bad. You know were one of. You know. Being one. Who is. With high you should be trading above 10 percent find d your strings where investment. Is reduced the world is. Already covering a lot of ground there lets just review some of the thoughts that you have so you are saying that quantitative easing for our q e 4 is baked into the cake were going to see that very soon youre also saying that negative Interest Rates are coming to the United States what that means is that as least in europe what weve seen is that people get a negative Interest Rate on their savings account ultimately at the bank which is the same thing as confiscation i dont know how else you could possibly phrase it and youre also saying that the unicorn market in the Venture Capital bit is where they didnt have the benefit of a public price for these stocks for many years theyre all Federal Reserve<\/a> bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing in cheating more theyre all cheating essentially is what theyre saying but some are cheating faster and harder than others right its a form of cheating again when you leave the Gold Standard<\/a> theres no way to have an accounting or a Balance Sheet<\/a> that shows exactly whos trading with who and what a sorts of silly print money to cheat to undermine to try to grab a few extra pennies or euros here and there and that it is part of the scheme and that is what happens when f. E. M. A. Money and Central Banks<\/a> and. And and fractional reserve banking and it just ends up into this this huge enormous pyramid of paper that throughout history the past 300 years every single instance of paper money has collapsed 0 without exception now theres another thing regarding this printing of money for the various populations in order to avoid. Acknowledgment of the fact that he no longer have a real economy because of the Gold Standard<\/a> mostly now one of the things that weve always talked about is the can tell in effect because when theyre printing money it goes to a certain class of people 1st a those closest to the central bank and then that goes basically to the big banks the big multinational banks and they primarily lend to housing speculators right so anybody whos already on the property ladder when all of this thing began. Well they benefited from asset Price Inflation<\/a> so i want to look at this headline and this is a chart that planet ponzi misfire stein tweeted its the number of years a Skilled Service<\/a> worker needs to work to be able to buy a 60 meter squared or 650 square feet flat near the city center and i want to look at in particular the top 3 of these cities because in these top 3 cities since 2009 this. Little dark circle on the left for hong kong paris and london is where cost how many years it took to afford a average 65 meter square property in the city center and hong kong it was 10 years in paris it was about 12 years london it was maybe 9 or 8 or 9 years back in 2009 now look at the jump since then hong kong is now over 20 years it was 10 years before and now its over 20 years it takes to afford just an average property in the city center paris oh about 15 years now and london has jumped to just under 15 years so what do you when you think of especially hong kong and paris. You think of all the protests going on the very very very similar they both look exactly alike you have Police Shooting<\/a> out peoples eyes and you have young off sorts of people not just young but like a whole range of classes i those who are outside who do not own already a 65. 00 metre squared or 60 meter square property in the city Center Versus<\/a> the rest right in a star coincidence that those are 3 of the must widely trafficked and most often used financial hubs in the world these are the 3 biggest of some 3 of the biggest finance hubs in the world so in those areas the cantillon effect as you call it the the ability to keep standing on top of the money pile youre printing yes and so youre you are building your own paper mountain and youre standing on top of that mountain and everything um youre standing on our fine art you know that youre buying for 100000000. 00 a crack or a chateau in switzerland or a new lamborghini so youre standing on this mountain of paper money that youve just printed for yourself and the people down down river who are now in the valley the valley of poverty are theyre throwing rocks with that but youre getting higher up the paper mound so the rocks dont reach so then they have to get more agitated and they get more organized and mal youve got social unrest as you have during moments in history when the underclass decides that theyve had enough and munich is the top of the german cities that is overvalued or at least has jumped the most you know germans are famously dont like to go too much into debt you know you used to be in 2009 it was 5 years and now its its close to 10 years and i think frankfurt is pretty high as well there are also very few assets that people can buy so this is it mean this is the one last investment in our Global Economy<\/a> its all based on its all basically. As we pointed out before the assoc not where all our entire economies are backed by the value of homes its always worked out as you see in hong kong paris the same way like it always ends up like this so yes it got being the French Version<\/a> of the council in effect and monetizing property in this case Church Property<\/a> to flood the economy with bad credit bad money and the pyramid scheme and a pyramid scheme so are and were in the new pyramid scheme of the 21st century pyramid scheme and the people that are getting abused by this pyramid scheme are starting to get extremely agitated as ray ballio hes the runs the bridgewater in connecticut biggest as far in the world he keeps pointing out for a couple of years that he hes looking for the pitchforks and the torches the mobs in the street to come after the people like great value hes warning folks yeah you should go read his linked in page and he posts some interesting blogs the guys worth like over 10000000000. 00 and hes just as an event hes a successful investor and what he says its like i just look at history im just looking at this objectively and neutral im not taking a side im just telling you that this is very similar period of time right now between you know the 1920 s. And 45 essentially the late 1000 twentys in 1905 is why people get angry and we split its a fascist and communist and thats whats happening now and this is part of it this tweet here i have from ben record and it shows that the velocity of money is the frequency at which one unit of currency is used to purchase domestically produced goods and Services Within<\/a> a given period of time in other words it is the number of times 1. 00 is spent to buy goods and services per unit of time all time low the rise in the circulation the velocity of money people spending more Money Congress<\/a> happened exchange happening the trickle down effect happening was in the ninetys up to 2000 and then its been down ever since and it continues to hit all to. Money is not circulating its being forwarded in these properties its being hoarded by guys like ray dahlia as he points out himself im not just like accusing him he says he cant spend more than that hes already i got so many chateaus and yachts that he cant buy anymore he would forget about them you lose you know ya you forget you have a house in you know in mustique or something yeah the economy is being choked out so heres a unit of currency this is a dollar this is the dollar you speaking up yes the velocity of money means that the treasury would print a dollar and youd buy dont it and then the person the shop to get your dollar goes and buys a hammer and then that hammer at the Hardware Store<\/a> guy goes and buys a nother done it right so its circulating that yes its philosophy and healthy economy its moving sir but what has happened sense and all the bailouts of 2008 is that the Central Banks<\/a> keep printing more money and they print trillions of these things but it gets stuck at the primary dealers and jamie diamonds j. P. Morgan because it gets choked out they dont they dont lend it out they dont circulate it they keep it they didnt word it yet they keep giving it to people that are unable to spend it so we know the ordinary american is literally paycheck they dont lend it out to Small Medium Enterprises<\/a> now they lend it out to property speculators yes people are buying expensive artwork yes or they put it back on the balance here the fed for an Interest Rate<\/a> right so again as the circle is extremely tight its not a wide circle of the entire economy its a little minuscule microsurgical like the tip of your pinky where the money is circulating only amongst 3 or 4 people and they keep getting wealthier and wealthier and thats why we as ray dahlia points out the Tipping Point<\/a> of huge revolutionary social unrest yeah because also of course what happens is. All this stuff all of our economic problems are caused by these economy. Yes at the Central Banks<\/a> is this false thinking that somehow they are superior and understand the world better than all these schmucks out here in the world in the real world so that is part of one issue that central bankers and bankers have is that if that money does circulate down and ordinary people the bottom 99 percent start raising their Living Standards<\/a> they freak out like that is the scariest thing to them and they think that its going to be like oh my god you know this is this is going to cause inflation and so they seem to prefer mass deflation as we have they hate gold because they dont want anyone to have proper savings because they will have economic sovereignty they dont want the law exposed as well and they dont want their ponzi scheme and pyramid scheme destroyed thats what gold does to paper money ponzi schemes and finally you know speaking of paper dollars you know that used to be backed by gold well u. S. Congressmen ask fed to consider developing National Digital<\/a> currency to u. S. Lawmakers want the Federal Reserve<\/a> to consider creating additional dollars in a letter sent to the Federal Reserve<\/a> chairman german pow representative french hill republican of arkansas and representative bill foster outlined concerns that they have risks to the u. S. Dollar if another country or private Company Creates<\/a> a widely used crypto currency and ask whether the central bank is looking into creating its own version we are concerned that the primacy of the u. S. Dollar could be a long term jeopardy from wide adoption of Digital Currencies<\/a> internationally the bank for International Settlements<\/a> conducted a study that found that over 40 countries around the world of currently developed are looking into developing a Digital Currency<\/a> right i saw that story and it plays into what weve been talking about here because if all these stations create Digital Currencies<\/a> crypto currency is it would increase the velocity of money and it would get countries away to move away from the dollar and the dollar is feeding the very specific ponzi scheme so it because it is digital gold because in a would be a crease velocity and there is incredible theres very very little friction between these Digital Currencies<\/a> amongst come. Trace the velocity of money with skyrocket wages would go up and you would see the club talking up the kleptocracy class would be challenged i would quickly in this last few seconds here say that only big coin is digital gold this is essentially all coin and this will put all those all coins out of business because there is no reason to hold libra theres no reason to hold the east or any of the other thats allowed to be another impact yet that the current crop of all coins would become extinct yes good for a bit coming though its great for because were going to take a break when we come back much more coming your way dont go away. On this conventional moment allows him to ask for the last 20 and seen and done wonders for the vets who should. See. Disc in them. Coming up the long. Beach mom. You know new car so said im not going to much to you mama its just that you and. In this community there are people who believe that its ok. Its really hard there are no jobs and you see that ive got kids that ask and as a parent. I can come up with lots of arguments and theres a lot of conflict in the games between the teams most of the conflict i would say overall is around money their most of their money is made. Close one on each others cosimo each other is Good Business<\/a> the state of california alone makes 6000000000. 00 a year of prison complexes you get some 20 year life where. You dont care anymore nobody cares about you so you dont care might anything. Wrong. With this manufactured consent instant of public wealth. When the roaming clubs assume protect themselves. With the fame and merry go round lives only the one percent so. We can all middle of the room signals. From the real news is real world. Welcome back to the kaiser report im ask either time out of turn about firestone of planet policy that comments welcome back emacs great to be here all right 1st lets remind the audience what exactly you do or what you did or what you do when you are a wall street banker briefly what is your area of expertise meche expertise since the 1980s was in the creation and development of new products you really are products oh hes the state of the earth products max as weve discussed in the past. So. Looking for opportunities where there are no other competitors in less crowded fields i think that there are too many people in a crowded space like all of the people are jumping in on the fang stocks weve just had momentum over the past couple years all right so youre a contrarian youre early and to all kinds of Different Things<\/a> embedded in the wall street heart for many years and as someone deep in the heart of global fiat what do you think when you see events that happened in the repo market over the past few expect well i would ng for value so you know when i see something wrong in the repo more repurchase remark it reminds me of what happened with drysdale securities back in the 1008 we had a real problem a disconnect in the repo market so theres something very wrong and if you ask the experts and speak with them on wall street both know you that is certainly technical but i dont know that it is tricky technical i think that there are a lot of the Big Money Center<\/a> banks that are too big i mean look to each americans weve discussed many times their Balance Sheet<\/a> and all are rotten derivatives that they have on it truly trillions of dollars in derivative products j. P. Morgan too big to fail too big to bail out too big to exist oh whos that is that never really broken up he said his answer is in the markets every central bank on the planet has added lemons and trillions of dollars in with quickly and that means guarantees for certain different Asset Classes<\/a> the Central Banks<\/a> are causing the problem max this product is just one of the ancillary issues that we may be seeing now when they when you create so much liquidity and paris reverse of 17 trillion 17 trillion dollars in negative you in bonds this is the kind of problem you get unintended consequences thats when the fed steps out of hundreds of billions of dollars as they did at this. Rape maneuver just recently is this the beginning of quantitative easing is it the same as quantitative easing is it there for the quantitative easing i look for the smells like quantitative easing on the short hand that is why what what how does it differ well i did the permanent open market operation so theyre going to be adding liquidity and eventually theyre going to come in and whether they want to call it q e 4 q e 5 weve discussed this before if he needs sanity they will have to do q. E. And theyll have to do it for the d end of the year as repo issues not going to go theres a shortage with enough market and the fed after coming in do something the only thing they can do is keep adding liquidity into the market every day so the open Market Operations<\/a> that they have will become permanent and it will probably go back to the on by goldman recommending that they dominated by 20000000000 a month or so is good q. B. I dont care what they call me been today you know it entered into a place right now where we will see eventual negative Interest Rate<\/a>s in america i said this 2 years ago is why i think that were in a whole lot of pain i think we should have done factor in the credit crisis and never go. Bankrupt it is a normal market mechanism that allows insolvent institutions and insolvent corporations to go bust we have those back in january i highlighted the we were ponzi scheme months later atlanta i said theyre trying to sell this for 47000000000. 00 they lose the normal amount of money it is the definition of on but because there are so low Interest Rate<\/a>s and negative Interest Rate<\/a>s youve got children pouring money into illiquid investments you get some kind of a yield so if that happened eventually its going to hit its fan and its going to end really d bad. You know were one of. You know. Being one. Who is. With high you should be trading above 10 percent find d your strings where investment. Is reduced the world is. Already covering a lot of ground there lets just review some of the thoughts that you have so you are saying that quantitative easing for our q e 4 is baked into the cake were going to see that very soon youre also saying that negative Interest Rate<\/a>s are coming to the United States<\/a> what that means is that as least in europe what weve seen is that people get a negative Interest Rate<\/a> on their savings account ultimately at the bank which is the same thing as confiscation i dont know how else you could possibly phrase it and youre also saying that the unicorn market in the Venture Capital<\/a> bit is where they didnt have the benefit of a public price for these stocks for many years theyre all Venture Capital<\/a> lies theyve got to these 1020304050 1000000000 dollar valuations now the market finally saying hey wait a minute its really 80 or 90 percent cheaper or in the case that we work it looks like theyre going to go bust it looks like this company is going to go to 0 this looks like the enron of Venture Capital<\/a> mitch but you know in the 1st half we covered your chart about the housing bubbles the top 2 cities in terms of the jump since 2009 in the length of time required to afford a home or hong kong and paris both of these cities are now mired and on rest this year they saw in paris obviously and on congress saying these enormous street protests is this are these 2 things connected is this a can tell on the facts on display image absolutely max but heres the judicial experience you see anywhere mentioned in the media the state. Newsmedia it is fate news they dont cover of the real important stories you go back to the beginning and go into the housing bubble it isnt sample of Central Banks<\/a> gone wrong using the Worlds Largest<\/a> and its funds speculating in markets and what theyve done are inflated the most protest as a in the history of this plant which will cause the next credit crisis which will be a crisis of the fleet now going back to the correlation between housing prices and income since the beginning of time there has always been a correlation between housing prices and income if you change in terms and you look at them from 1981 and you inflation adjust their flat to negative to up small whereas house prices have skyrocketed exponentially its an example of a ball so in a lot of cities this is creating jobs because of the ancillary instructions services and everything around that surrounding that the volume is present skyrocketing so you walk down main streets which are decimated in the high streets in england and the rent has gone up so much that the mom and pop stores are all gone so you know they say to reasons that amazon is that the prices have gone up so much that its not its not Cost Effective<\/a> to own a business anymore you go bankrupt you gave spencer much on your rent so theres the correlation has blown out so something has to happen nobody has the money because all the good paying jobs dont exist anymore so by weeds 3000000 to bed flats where you have massive oversupply so whats going to happen with that you know protests in hong kong and protest in paris because the most of the population cant afford to live anymore and theyre going to be priced out of everything and so their protest and so what do they do in france for that marathon has outlawed protests now so you dont see it on t. V. Anywhere you. Hear about it it was people who quietly suppressed it so there cant be any more i think you know the to a larger extent the same thing happening in the u. K. When read it over 1194 days ago the people if you percent of the people gave a mandate d you are meant to leave here and they still havent left because parliament doesnt want to leave yeah exactly well you know i predict that it will never happen its a simple fact that they dont have a constitution so that a constitution the stoic if they get anything as complicated as that out now let me ask you this about mark carney the bank of england he recently warned from jackson hole of all places that the us dollar is toast that us no longer works as a global reserve currency this is interesting because hes a central banker and it seems like hes breaking ranks with the other central bankers by calling out the u. S. Dollar weve got some interesting in warfare in the Central Bank Class<\/a> match whats going on here live weve been speaking about u. S. Dollar gemini for a while you a dollar has been the reserve currency for a little over 100 years before that sterling was. For a reason. Right now the amount of debt america has is 260. 00 trillion dollars so eventually people are going to say well whats currency. Promised by gum is to repay the debt. Yes for exactly nothing military us doesnt have the biggest military and they repay the debt not so we really like the u. K. And the us and certain other things where your debt service d much higher than your revenues your ones that thats when the really negative Interest Rate<\/a>. Otherwise you will default on the debt so will the phone happen youll love it d but feel from savers the negative you on. Somalia around the world thats just feelings of seegers its long been a lot of fun for. You to reach 4 trillion dollars in debt never it wont he says people are laughing awfully well this. Is all just go once it goes on the board and. To be clear when events in the u. S. s 260. 00 trillion dollars and that theyve got about 20 or 22. 00 trillion officially and that and when you add in the unfunded liability if i sell szell security and medicaid excess or medicare it all adds up to 260 trillion and thats thats an economy the economic basis 17 trillion so thats unsustainable and so thats why you see Interest Rate<\/a>s going negative is because were in that deflationary death spiral of doom heading to op salute that apocalypse metric were going to have to carry over to a 2nd segment because were just so darn interesting thank you. All right well thats going to do it for this edition of the cause report with me max kaiser as they say i would like to thank our guest misfires stein of plot of policy dot com you can catch us on twitter a cause a report or a cause to report dot com until i find bio. Why a paradise with some around turned into a round the experimentation field for agricultural chemicals we know that these chemicals have consequences they are major irritants theres no question otherwise why would that the Chemical Company<\/a> workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but often in day you have many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of Environmental Research<\/a> going on in hawaii whether these Companies Feel<\/a> they can get away with this because the people have less political power. The world is driven by shaped by one person. The day or thinks. We dare to ask. And its community there are people who believe that its ok to stop or accept food on my table its really hard there are no jobs and you see that ive got kids asking. And as a parent. I can come up with arguments theres a lot of conflict in the game between the 2 most of the conflict i would say revolves around money and most of them has made. Us one on each other. Each other this could cause the state of california alone to make 6000000000. 00 a year of prison complex just to get some 20 a life where. You dont care and. So you dont care might anything. Like. This hours headlines stories a new u. S. Intelligence reports make uses russian social media operatives of attempting to sway the 2016 president ial election in favor also ahead. Of the. Violent. Protests in ecuador force this suspension of parliament from the government to quit the capital. 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